Financing History of FABU Technology

In August 2017, Feibu Technology raised an angel round of financing with a valuation of 50 million yuan, and its investors included Sinovation Ventures. In August 2018, it raised tens of millions of dollars in the Pre-A round with a valuation of 300 million yuan, and its investors included Heyu Capital and Qingsong Fund. In May 2021, it raised several hundred million yuan in the B round with a valuation of 1 billion yuan, and its investors included Dachen Capital, Deyi Capital, Zhejiang University Youchuang, and China Merchants Zhiyuan. In August 2021, it raised a hundred million yuan in the B+ round with a valuation of 1.5 billion yuan, and its investors included Tongchuang Weiye and Deyi Capital. In December 2022, it raised over 100 million yuan in the B2 round with a valuation of 2.5 billion yuan, and its investors included Anhui Railway Development Fund and Zhejiang University Education Foundation.